Section 254: Revocation of authorisation order otherwise than by consent
479.The Authority may revoke an order authorising a unit trust in the circumstances specified in the section. These include any of the following situations:
the manager or trustee has contravened a requirement imposed by the Act or the Authority’s rules;
either of them has given the Authority misleading information;
the requirements for making an authorisation order (referred to in section 243) are no longer met;
the scheme has been inactive for 12 months or more; or
it is desirable in the interests of participants to revoke the scheme’s authorisation.